Twilio (NYSE:TWLO) Given New $85.00 Price Target at Oppenheimer

Twilio (NYSE:TWLO) had its price target raised by investment analysts at Oppenheimer from $65.00 to $85.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target would indicate a potential upside of 20.72% from the company’s current price.

TWLO has been the subject of a number of other research reports. Piper Sandler reissued an “overweight” rating and set a $83.00 target price (up previously from $77.00) on shares of Twilio in a report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Barclays dropped their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.00.

Twilio Stock Performance

Twilio stock traded down $0.16 during trading hours on Tuesday, hitting $70.41. The company had a trading volume of 326,388 shares, compared to its average volume of 2,616,755. The firm has a 50-day moving average of $63.49 and a 200 day moving average of $60.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The firm has a market cap of $11.31 billion, a PE ratio of -21.40, a PEG ratio of 4.03 and a beta of 1.35. Twilio has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. On average, sell-side analysts expect that Twilio will post 0.54 earnings per share for the current year.

Insider Activity

In related news, CFO Aidan Viggiano sold 1,961 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $119,013.09. Following the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Aidan Viggiano sold 1,961 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the sale, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,906 shares of company stock valued at $3,388,596. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its stake in Twilio by 18.6% during the 1st quarter. International Assets Investment Management LLC now owns 3,921 shares of the technology company’s stock valued at $245,000 after acquiring an additional 616 shares in the last quarter. TrueMark Investments LLC lifted its position in shares of Twilio by 13.5% during the first quarter. TrueMark Investments LLC now owns 17,400 shares of the technology company’s stock valued at $1,064,000 after purchasing an additional 2,067 shares in the last quarter. 180 Wealth Advisors LLC boosted its holdings in Twilio by 29.4% during the first quarter. 180 Wealth Advisors LLC now owns 53,633 shares of the technology company’s stock worth $3,280,000 after purchasing an additional 12,201 shares during the last quarter. Blue Zone Wealth Advisors LLC grew its position in Twilio by 9.1% in the 1st quarter. Blue Zone Wealth Advisors LLC now owns 5,160 shares of the technology company’s stock worth $316,000 after purchasing an additional 432 shares in the last quarter. Finally, SteelPeak Wealth LLC increased its stake in Twilio by 75.5% in the 1st quarter. SteelPeak Wealth LLC now owns 7,808 shares of the technology company’s stock valued at $477,000 after buying an additional 3,360 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.